There is no magic turnover figure
Compare expected profit, personal withdrawals, partners and business risks. Turnover alone does not decide, and corporation tax is only part of the picture.
Check whether the structure fits
A company brings ongoing costs and reporting. Include tax at owner level and current closely held company rules in the comparison. Bring a forecast for the coming year so we can assess alternatives before creating a new entity.
Keep exploring
Sources and further information
- Corporations Authority — annual fee ↗
- Tax Authority — income attribution and dividend alternative ↗
- Official judgment — two-stage taxation principle ↗
General information, not a substitute for individual advice. Earlier-year sources explain principles only; their annual amounts and deadlines have not been carried forward.